News: Residential rentals take a hit on job losses, WFH model-19-12-2020
Synopsis :-
The emergence of the work-from-home model and the economic fallout of the Covid-19 pandemic, including job losses and salary cuts, have worked against the rental property segment.
Bengaluru | Mumbai: Residential property rentals across major markets have witnessed negative to negligible appreciation this year as an increasing number of young professionals prefer vacating rented homes and payingguest accommodations or are seeking rentrelief. The emergence of the work-from-home model and the economic fallout of the Covid-19 pandemic, including job losses and salary cuts, have worked against the rental property segment.
